Dogecoin has recently seen a huge surge of 85% after sustaining levels above $0.90.#Dogecoinhit $0.206, breaking resistance and sustaining gains above $0.16, setting a two-year high.
Dogecoin’s price rose from $0.09 on February 26, briefly breaking above $0.20 resistance before retracing.
Buyer interest above $0.17 could lead to a retest of $0.20, which could signal a continuation of the uptrend towards $0.30.
The similarities on the chart suggest that Dogecoin’s current price pattern mirrors the previous bull markets in 2017 and 2021, where prices rose sharply after periods of consolidation.
Price increases are often accompanied by range-bound trading periods, indicating stability before an uptrend.
DOGE is likely to post a parabolic breakout in mid-April, possibly above $1, which would represent a 525% upside from the current price of $0.17.
If#Dogecoinretraces from current levels, it may find support at $0.12 and buyers may enter the market.
Based on historical trends, Coingabbar’s price analysis suggests Dogecoin could hit $1.
Critical level:
Resistance: $0.46000-$1.00000
Support level: $0.05300-$0.00900
